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USDCHF News

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Last Updated Date: 16 May 2022 @ 7:34 AM (UTC)
*Please note that all the dates are in GMT time zone

Overall the market remains in a bull trend. However, current trade action displays near term topping selloffs and warns for a retracement break to 0.9970. A close under 0.9909 (SAR) highlights a short term topping turnover. Secondary rallies need to close over 100.49 to rekindle bull trending.

Resistance 2      100.56
Resistance 1      100.31

 
Support 1          0.9995
Support 2          0.9970


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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.